Summary - 53, Barrasford Street NE28 0JZ
3 bed 1 bath Flat
Long-lease auction lot — tenant in situ with clear refurbishment upside for investors.
- Three-bedroom upper flat, approximately 937 sq ft
- Tenant in situ; sold at auction
- Leasehold with 978 years remaining
- Victorian mid-terrace; solid brick walls, likely no insulation
- Mains gas boiler and radiators; double glazing (install date unknown)
- Area very deprived with high recorded crime rates
- Low council tax (Band A); excellent mobile and fast broadband
- Requires cosmetic refurbishment and possible energy upgrades
A three-bedroom upper flat in Wallsend presented as a clear investor opportunity — sold at auction with a tenant currently in situ. The property occupies approximately 937 sq ft within a Victorian mid-terrace constructed c.1900–1929 and benefits from a long lease (978 years), mains gas central heating and double glazing (install date unknown).
Internally the flat offers a naturally bright reception room, three good-sized bedrooms and a fitted bathroom. The layout is traditional and straightforward, making the property suitable for a hands-on landlord or buyer seeking a refurbishment project to add value. Solid brick walls are as-built and assumed to lack insulation, so improvement works could both modernise and improve energy efficiency.
Material factors to note: the property sits in a very deprived area with high recorded crime rates, which will affect lettability and rental levels. It will be sold at auction and is leasehold; a tenant is in place so immediate vacant possession should not be expected. Council tax is low (Band A), broadband and mobile signal are strong, and local amenities and good-rated primary and secondary schools are nearby.
This flat will suit investors looking for a long-lease, low-entry purchase with refurbishment potential, or a buyer able to manage a tenancy. Buyers should factor in area-related letting risks and likely upgrade works (insulation, cosmetic modernisation) when assessing yield and future value.
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